Crutcher Amends
License Agreement
With Brown & Root

Crutcher Resources Corporation,
P.O. Box 3227, Houston, Texas
77001, has announced it has signed
an amended license agreement with
Brown & Root, Inc. on Brown &
Root's rights to use CRC's automatic
welding system in marine
operations.

Don H. Hartmann, president of
Crutcher Resources, said the
amendments provided for a $200,-
000 minimum annual advance rental
per barge and increased rental
charges per weld, due to inflationary
costs and increasing pipe wall
thickness.

Mr. Hartmann said Brown &
Root has committed to a six-barge
program for 1974, which guarantees
the company a minimum revenue
stream of $1.2 million from Brown
& Root. Crutcher will receive additional
rental payments from each
barge that generates revenues in
excess of the $200,000 minimum
advance.

The $1.2-million payment assures
Crutcher Resources of an amount
equal to approximately 200 miles of
welding, which compares to 42 actual
miles automatically welded in
1973.